Large-cap U.S. stocks have outperformed virtually all comers over the past 15 years. According to some of the world’s largest investment banks, that is unlikely to change in 2025.

Stocks wavered in morning trading on Wednesday, as losses for several Big Tech companies offset gains elsewhere in the market. The S&P 500 fell 0.3% in morning trading, even though more stocks were rising than falling in the index.

The U.S. dollar consolidated against its major peers on Wednesday as investors weighed President-elect Donald Trump's tariff pledges, while awaiting a key inflation figure out of the U.S. later in the day.

Wall Street stocks were mixed early Wednesday as markets awaited a key inflation reading in the final full-day session of a holiday-shortened week.